Indonesia’s adtech startup Adskom raises $850,000 from 4 VCs

From the left – Daniel Armanto (CTO of Adskom) and Italo Gani (CEO of Adskom)

(Update: We added additional information, such as funding size and company stats. We then revised the funding number and one of the VCs name, we apologize for the inconvenience.)

Indonesia’s Adskom, an advertising technology company that offers a programmatic advertising platform, announced today that it has received funding worth S$1.06 million (US$850,000) from four VCs: Japan’s Digital Garage, Singapore’s East Ventures, as well as Indonesia’s Beenos Plaza and Skystar Capital. The team will use the newly acquired funds for its new data management platform and expansion in Southeast Asia, mainly in Singapore, Indonesia, Thailand, and Malaysia.

In Tech in Asia’s interview last year with CEO Italo Gani and CTO Daniel Armanto, they explained how Adskom’s supply-side platform (SSP) can help both publishers and ad networks in Indonesia manage digital ads automatically and efficiently. Adskom also offers digital ad service plans to help clients further.

The company is currently managing about 500 million ad impressions every month. The team projects that number will go up to one billion monthly impressions in Q1 2015. Adskom is working with close to 70 demand side partners in the region like Tubermogul and Criteo, and with clients such as media giants Kompas, KapanLagi, and Detik, which use Adskom’s platforms.

Adskom was founded by Gani and Armanto in 2013. The latter also co-founded Indonesian social network Koprol, which got acquired by Yahoo in 2010. The team received seed funding from Japan’s Rebright Partners, and already has offices in Indonesia and Singapore. Adskom plans to raise series A funding round in early 2015.

Disclosure: East Ventures invests in Tech in Asia. Read our ethics page for more information.↩